First Dallas Securities Inc. Acquires New Stake in Starbucks Co. (SBUX)

First Dallas Securities Inc. acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the 3rd quarter, HoldingsChannel reports. The firm acquired 9,107 shares of the coffee company’s stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SBUX. Stillwater Capital Advisors LLC lifted its position in Starbucks by 1.8% during the second quarter. Stillwater Capital Advisors LLC now owns 175,508 shares of the coffee company’s stock worth $10,234,000 after purchasing an additional 3,030 shares during the period. Stock Yards Bank & Trust Co. lifted its position in Starbucks by 1.2% during the second quarter. Stock Yards Bank & Trust Co. now owns 239,900 shares of the coffee company’s stock worth $13,989,000 after purchasing an additional 2,913 shares during the period. Capital Asset Advisory Services LLC bought a new stake in Starbucks during the second quarter worth about $659,000. BKD Wealth Advisors LLC lifted its holdings in shares of Starbucks by 7.6% in the second quarter. BKD Wealth Advisors LLC now owns 5,144 shares of the coffee company’s stock worth $300,000 after acquiring an additional 362 shares during the last quarter. Finally, Hellman Jordan Management Co. Inc. MA bought a new position in shares of Starbucks in the second quarter worth about $1,302,000. 70.67% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $70.00 target price on shares of Starbucks in a report on Friday, January 5th. Robert W. Baird dropped their target price on shares of Starbucks from $70.00 to $66.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Mizuho reissued a “buy” rating and issued a $75.00 target price on shares of Starbucks in a report on Friday, September 29th. Credit Suisse Group dropped their target price on shares of Starbucks from $56.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Finally, Stephens reissued an “equal weight” rating and issued a $52.00 target price (down previously from $58.00) on shares of Starbucks in a report on Friday, September 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $63.23.

In other news, SVP Paul Mutty sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $56.95, for a total transaction of $170,850.00. Following the completion of the sale, the senior vice president now owns 10,438 shares of the company’s stock, valued at approximately $594,444.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joshua Cooper Ramo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $59.43, for a total transaction of $3,565,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 497,808 shares of company stock valued at $28,559,521 in the last three months. Insiders own 3.40% of the company’s stock.

Shares of Starbucks Co. (NASDAQ:SBUX) opened at $60.40 on Monday. The firm has a market cap of $85,940.00, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 1.61 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. Starbucks Co. has a 52-week low of $52.58 and a 52-week high of $64.87.

Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.81 billion. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. equities research analysts forecast that Starbucks Co. will post 2.37 earnings per share for the current fiscal year.

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Starbucks Company Profile

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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